A bank is a government licensed financial institution that accepts deposits and makes loans. But additional financial activities were allowed over time. Banks have also been offering investment funds and have become major players in the financial market. There are several types of banks. This includes commercial banks, mutual savings banks, savings and loan associations, and credit unions.

-->

Related ChexSystems Banking Information:

1. Negotiable Order of Withdrawal Account
2. Correspondent Bank
3. Overdraft
4. Money Market Account
5. How Do You Confirm that a Non-ChexSystems Bank is Legitimate?

Tagged as: bank, institution